Rental vacancy rate hits 0.1% in some capital cities
The rental squeeze is tightening hard in Australian capital cities, with some recording vacancy rates as low as 0.1 per cent.
The rental squeeze is tightening hard in Australian capital cities, with some recording vacancy rates as low as 0.1 per cent.
Melbourne is becoming one of the most affordable capital cities in the country to rent, with house rents hitting record highs in some states.
Some landlords in our state are choosing to sell up rather than try to meet new minimum standard property laws that came into effect at the end of March.
Landlords in Melbourne can’t get tenants right now while those in the regions can’t keep up with demand in this crazy COVID year.
The success of the build-to-rent sector is set to continue with predictions that 10,000 apartments could be developed each year by 2023.
Rents in Melbourne and Sydney will keep falling in the near term according the Reserve Bank of Australia.
The national median rent price has ended its long run of straight growth, dropping half a per cent amidst ongoing COVID-19 uncertainty.
If you’re looking for a place to rent in Melbourne during this pandemic, the cards are starting to fall in your favour, with asking prices in freefall.
Rental vacancy rates in our nation’s biggest capital cities have spiked sharply, recording the biggest monthly jump in over ten years.
Emergency laws are being debated in Tasmania that would protect renters from being evicted for four months during the coronavirus crisis.